Plan Ledger DOL Form 5500 · updated monthly

Xl Industries401(k)

XL INDUSTRIES 401(K) PLAN · MILPITAS, CA · plan year 2024

Reported admin expense ratio · 2024
0.17%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Xl Industries reported $106,265 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $4,589 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.21% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 1,403rd-largest of 9,483 plans among California employers on file, and the 864th of 5,337 in construction. In 2024, employees put in $3.56 for every $1.00 the employer contributed; active participation has shrunk from 303 to 255 since 2022.

Plan summary
Net assets, end of year$65,655,087
Participants with balances438
Active participants255
Employer contributions$1,170,156
Employee contributions$4,166,184
Employer contribution per active participant$4,589
Average account balance$149,897
Benefits paid to participants$5,116,143
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$65.7M · 438 accts · $1.2M emplr
2023$57.2M · 434 accts · $1.6M emplr
2022$49.1M · 443 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,575
Investment management$42,690
Audit (IQPA)$21,000
Total administrative$106,265
The Xl Industries 401(k) match · 2024
Employer contribution per active participant$4,589
Median for plans this size$3,635
2024$4,589 per active participant
2023$5,680 per active participant
2022$4,234 per active participant

Xl Industries's 2024 employer contribution ran above the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$42,575
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$22,690
MOSS ADAMS LLP · Accounting / audit$21,000
RBC WEALTH MANAGEMENT · Investment advisory (plan)$20,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$106,265 · 0.17%
2023$103,216 · 0.19%
2022$108,572 · 0.21%
Similar plansConstruction · California
Malcolm Drilling Co., Inc. CA$71.5M · 0.02%
Cahill Contractors LLC CA$68.7M · 0.01%
Rex Signature Services, LLC CA$67.5M · 0.43%
Deacon Holdings, Inc. CA$65.2M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844394062 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.